Development 02 Southlane 

Last Update 09.07.19

Investment Process: 72% Complete

Expected Time until Fund Maturity: 16 Months

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July 2018

July 2019

September 2018

July 2019

September 2018

Marketing Strategy:

Due to the successful take-up of 100% of the Office and Retail Space in Southlane Tower I and Southlane Tower III the investment team is confident regarding the letting of the remaining office and retail units. There is a very high demand for high quality office space in the sector. Main occupants in Southlane Tower I & III comprise the Ministry of Finance, STM, ING, Adecco, Examotive, and the Royal Bank of Canada to name a few. Southlane Tower II has successfully signed a long term lease contract with TadaWeb, over 82% of the available office space. In 2019 the two remaining Office floors have been signed under a long term rental contract which brings the occupation level to 100%.

Based on past experience the investment team has chosen to refrain from active marketing of the available retail space totalling about 35% of the overall surfaces until 12 month to construction completion. Main Retail and Service occupants in Southlane Tower I & Southlane Tower III comprise Delhaize Supermarket, HealthCity Sportsclub, retail banking as well as attractive restaurants and bars, 

Letting Status Office: 100 %

Anchor Tenant:

TadaWeb 82%

Urban Office 18%

About Tadaweb:

 

Tadaweb is a high-growth, venture-backed company.  Helping address some of the most critical and difficult challenges facing both governments, and society today, Tadaweb is the first Small Data Platform designed for and with governments.

Tadaweb's technology is unique in the world and based on over 16 years of research and development. It was recognised in 2016 as one of the globe's top 100 most disruptive technologies (Talt Ventures Index)

Letting Status Retail: 0% 

Current Asset Valuation: 7.332.217,00 EUR 

Asset Valuation & Evolution

NAV on 31 December 2016 *

Share Class A (EUR) :     706,96

Share Class E (EUR) :  1.193,61

 

 

 

 

 

 

 

 

*to be confirmed in annual report

Current Construction Status: 37%

 

Financing for construction has been obtained in Mai 2018 without difficulties due to successful pre-letting of the office spaces. The construction of Southlane Tower II has officially been launched in April and today 100% of the excavations, foundation, two underground floors as well as the ground floor have been completed. Currently the construction company is working on the first floor and the structure of floor it is projected to be terminated by the end of 2019. Construction of the building structure has started End of September 2018. TRALUX Construction (www.tralux.lu) have been appointed as General Contractor.

This information is being issued by the Luxembourg Capital and is for private circulation only. The information contained in this document is strictly confidential. This Factsheet is only produced for shareholders of Luxembourg Capital S.A. SICAV SIF and may not be reproduced, distributed or published by any recipient for any purpose whatsoever without the prior written consent of the Luxembourg Capital. This document does not constitute or form part of any offer or solicitation of an offer of any funds, asset management products or services in any jurisdiction. This document is only an information about the new characteristics of the fund. 

© 2018 by Luxembourg Capital 

/  Investment Management & Real Estate

     9, Avenue du Blues

     L-4368 Belvaux

     Grand Duchy of Luxembourg

Email: contact@luxcap.lu

 

Tel: +352 27 44 27